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their jobs. >> chief congressional correspondent mike emanuel is live in washington with the latest, mike. >> heather discussions are underway and i'm told we should not expect any news or announcements before senators are briefed tomorrow afternoon. after a meeting with the president late friday, the senate majority leader sounded cautiously optimistic. >> we have one meeting in the white house that was very constructive and we hope it will bear fruit and that's what we hope to learn. i think that the next 24 hours will be very instructive as to what we're able to accomplish. >> reporter: sources say house speaker john boehner deferred to senate colleagues and told him house leaders were consider, accept or amend their plan, what's not expected to be included is increasing the debt limit, something that democrats wanted and republicans have resisted. if senate leaders cannot strike a deal, the president wants congress to vote on what would be plan c. it would focus on three key areas, keeping tax cuts for those making $250,000 or less. extending unemployment benefits and delay dramatic
're going to give you the last question, before we go to mike emanuel. >> i have a civilized question for mr. henry. >> and civilized-- >> my goodness, bob. >> it sounds worse than the negotiations on the hill. >> it's worse, thank goodness this wasn't our situation to try and strike a deal, it would be hopeless. if a deal is struck, how much will the deficit be redied, what kind of numbers are we talking about? >> it would be minuscule. where you'd see the biggest short-term impact would be if you eliminate all of the bush tax rates and they go back to the clinton rates. the government would be bringing in more revenue, but that's going to take some time. that's not going to happen immediately and it's a relatively small amount in terms of what the government is spending every single day. that money would be spent pretty quickly. so, again, because we're now at this point where this is just a short-term deal, any of the major entitlement reforms that would actually bring major spending cuts are sngsly off the table right now. so, to answer your question directly without pointing a finger at
correspondent mike emanuel kicks off the coverage. mike, where do the things stand in the fiscal cliff talks at this critical late-stage? >> reporter: gregg, there seems to be some hope that conversations between vice president joe biden and senator mitch mcconnell can produce a deal. aides say the two men spoke multiple times last night and will continue working toward a solution. mcconnell called the vice. president bush: after weighing 18 hours from senate majority leader harry reid who seemed to throw in the towel. >> there is still significant difference between two sides and negotiations continue. there is still time left to reach an agreement and we intend to continue negotiations. >> reporter: a big issue is what thresh do you continue the bush tax cuts. the democrats latest proposal, extend expiring tax rates for individuals with taxable income up to $360,000. and couples with income of about $450,000. senate republicans latest proposal allah taxes to rise on $450,000 for individuals and 550,000 for couples. republican aides say the democrats in the senate have not made any addition
senate democrats say it cannot. so what's the point of all of this? mike emanuel is live on capitol hill and he is our top story tonight. there are actually two bills and they just voted on one of them, mike. >> well, that's right, shep. they just passed the one bill that would replace massive cuts in defense spending at the pentagon with cuts to domestic spending. this was to try to get more republican support. they didn't want to just be dealing with a tax issue. they also wanted to be cutting. well, in the pitch, a star voice from the 2012 campaign on the republican side made his pitch. >> we don't just have a fiscal cliff. we have a fiscal abyss in front of us. and that is the debt crisis that is on our horizon. failure to address this debt crisis means not just 47% of americans, but every american gets hurt. >> so the house is going to debate over the next hour or so the tax aspect of this plan b. then we expect a vote. should happen sometime around the end of this show, shep? >> shepard: you know, the top house democrat has her own idea of what plan b means for the american people,
correspondent mike emanuel standing by on capitol hill with the latest from that end of pennsylvania avenue. mike? >> good evening. coming out o a big white house meeting everybody agrees that the next step should be the senate taking the bipartisan action. so the pressure shifts to senate majority leader harry reid. and what he may be able to strike to get at least some republican support. >> house republicans voted pass the tax cut and automatic cut to defense and domestic program starting in the new year. so they shifted the focus for the need for majority leader harry reid and the senate democrats to do something. >> the way the senate is fon functionm right now, not even bringing the bills upper committee is frustrating to those of us in the house that are doing the work that has to be done. if senate wants to resolution, the senate has to actually pass something on this. we have done our work. senate has to respond. >> challenge is determining what passed the republican-led house and democrat-controlled senate. fiscal conservatives say a smaller stop gap measure to avoid the cliff won
congressional correspondent mike emanuel is live at the capitol following all of the bouncing balls. hey, mike. >> reporter: one concern for republicans as they look at this deal is what about spending cuts? where are the spending cuts? it sounds like they are getting close in the talks between vice president joe biden and the senate republican leader mitch mcconnell but there is not a deal until senator mcconnell knows he has enough support. let's take a look at some of the key points of a framework of the deal according to sources close to the talks. it would raise taxes on income tax amounts above $400,000 for individuals, $450,000 for families. it would address the estate tax, the alternative minimum tax, the medicare doc fix and unemployment insurance. current discussions about how best to address the automatic spending cuts that is called sequestration, the automatic cuts to defense, and domestic programs. a short time ago a leading republican expressed a great deal of concern and frustration with the whole process. >> it's december the 31st. january 1st is tomorrow, 2013, taxes go up. e
from president obama today. first, chief congressional correspondent mike emanuel on what seems to have been settled and how and what is still up in the air at this late hour. hi, mike. >> hi. bret. we hear from the republican senators they are optimistic and hopeful that a vote can happen sometime, perhaps later tonight. senator mitch mcconnell e-mailed and said he thought the deal was done until the white house called to say the sequestered cuts should be turned off. since then, she trying to find a way to bye down months of the cut but says the tax issues shooting forward. >> we will continue to work on finding smarter ways to cut spending. but let's not let that hold up,be protecting americans from the tax hike that will take place. we can do this. we must do this. >> though it is down to the wire. >> it's december the 31. january 1 is tomorrow, 2013. taxes go up. >> frustrated senator john thune says the senate should have acted months ago to keep the u.s. economy going off the fiscal cliff. >> i find it really hard to sit and listen to people come up now and wring their hands and
forward. >> gretchen: if only they were on the golf course. that solves everything. mike emanuel, thank you very much. >> thank you. >> let's talk about the john mcafee saga wanted for questioning in his neighbor's death. he tells abc news he played the crazy card to save himself. here's the crazy back story. a neighbor in the nation of belize complained about john mcafee's dog, then somebody poisoned the dogs then killed mcafee's neighbor. the millionaire says he escaped to avoid police who say he's a person of interest in the killing but not a suspect. he turned up in guatemala where he got in illegally but instead of sending him to belize, they flew him to the united states and he's in a hotel in miami. he says he ethics the publicity -- he thinks the publicity surrounding his case is working. >> millionaire madman on the run. you paid attention to the story. because you acted like a madman. >> i did and it worked. >> gretchen: it's not all good news, his cash is still in belize and his 20-year-old girlfriend stayed in guatemala. phil, mcafee says he wants privacy. i can't keep the s
team coverage. ed henry focuses on a tale of two white houses with messaging. but first, mike emanuel looks at where the republican goes from here and what speaker boehner had to say about it today. >> after last night's unexpected withdrawal of the speaker boehner's plan "b," many hope plan "c" develops quickly. >> how we get there, god only knows. >> candid moment with house speaker boehner as talks to address the fiscal cliff yet to produce a deal. the speaker acknowledged trying to bridge the differences with the president has been difficult. >> i told the president on monday, these were my bottom lines. the president told me that his numbers, $1.3 trillion in new revenues, $850 billion in spending cuts, was his bottom line. that he couldn't go any further. >> so boehner spent time and energy this week on trying to advance plan "b" designed to extend the current tax rate for all, but those earning $1 million or more. the g.o.p. leadership recognized it didn't have the votes last night it was pulled. speaker predicted it would pass. today explained went went wrong. >> there was a p
in and we all feel the pain. mike emanuel live with the news for us tonight on capitol hill. top democrats seem to be suggesting they cannot cut a deal without republican help. >> well, harris, that is right. and so they are asking what it will take to at least get some republican support. they say time is so critical. they cannot just roll out new legislation only to have the republicans reject it. we know president obama called the top four congressional leaders last night on his way back from hawaii. tomorrow afternoon at the white house will be a meeting between the president and those top four congressional leaders and earlier the top senate democrat expressed concern or frustration saying you cannot legislate with yourself. >> the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and a half years. we have tried mightily to get something done. >> now, perhaps in an effort to address that we know late today senator reid who you heard from there went to meet with his counter part senator mcc
scene waiting for the final "deal" to drop. or drop kick. and new to mike emanuel. what do you hear? >> this is a huge type of the day. senator mcconnell is briefing republican senators on where it stands with the negotiations. we will look at the key points of the framework. if you make more than $400,000, it raises your taxes. couples making more than $42350,000 see their taxes go up and making sure that medical doctors do not take a huge pay cuts is fixed for a year and unemployment benefits are addressed and alternate minimum tax is fixed pamly and on the estate tax an exemption for states up to $5 million for individuals and $10 million for a couple. on the tax issues, senator mcconnell says there is a agreement. we should get it done now. >> the president said in the television appearance, we are very, very close to an agreement. we need to protect american families. and job creators from this looming tax hike. everyone agrees the action is necessary. i can report we have reached an agreement on all of the tax, the tax, the tax issues. >>reporter: lawmakers are saying to avoid
optimism that a deal could be reached. mike emanuel has been following all of the developments with us tonight. it sounds like there won't be a vote tonight at this point because there's no deal at least on the senate side. >> that's right. senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like de
-by-minute. mike emanuel kicks off our fox team coverage live from washington. harry reid said negotiations continue. where do we stand? >> senator reid seemed to be looking ahead to tomorrow's schedule. talks continue but a deal is not implement. another said there's a chance one could be reached tonight. harry reid and mitch mcconnell are the key players. he sounded frustrated after not receiving a counter-offer. a key member of the leadership team offered this update. >> offeringses and discussions between and we remain hopeful that will get a breakthrough. obviously what happened here between the two leaders in the senate had broken down because the senate democrats failed to come forward with a counter offer to the proposal the republicans made last night. hopefully the discussions between the.and senator mcconnell will get us on track. >> republican aides recognize the consequences if it falls apart. everybody gets a tax increase in 48 hours. >> well, it's less than 48 hours now. i'm wonder, are the democrats fighting among themself? >> there's a battle over social security. republica
american. mike emanuel live for us tonight by phone from capitol hill. mike, what is next? >> well, harris, everybody agrees the next step is trying to move a bipartisan plan in the senate. majority leader harry reid recognizes this is a critical time. we have a lot meeting in the white house very con struck stif. we hope that it will bear fruit. we hope the next 24 hours will be very instructive as to what we're able to accomplish. >> in order to make that happen, the senate will not be in session tomorrow, harris. >> do they generally agree with the democratic perspective here on whether or not this can get done? >> harris, republicans say it was a good meeting at the white house. we're told there was a discussion of potential options and components of a plan that could pass both the house and senate. here's the top senate republicans take. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward i can make to my conference and the majority leader can make to his conference. so we'll be working hard it to try to see if we
elected him to the senate in 2004. mike emanuel is on capitol hill tonight. it's a big resignation,. >> jim demint says is he leaving the senate, shep he is not leaving the fight. in fact, demint might be able to spend more time on issues he is most passionate about at the heritage foundation. he explained his thinking on "special report" a short time ago. >> i think i'm in a more powerful position than a single united states senator. i wouldn't feel good about leaving if we didn't have so many new bright young conservatives now in the senate. but it's time that conservatives take control of our message and let americans know what we can do to make their lives better. earlier fellow south carolina senator lindsey graham sounded truly shocked by the news. >> on a personal level, i have lost my colleague and friend, jim and i have known each other for almost 20 years now and i think we have done a pretty darn good job for south carolina. the time playing good cop and bad cop. the differences we have had have always been sincere. >> with demint leaving it is up to governor nikki haley
speaker boehne sr right chw zeros did on of alllan. black planned mike emanuel joins us. this has been ahead be left with groups urging republicans to vote against pan "b" but less than two th weeks from the fiscal cliff leaders say they tried toax hikr avoid a massive tax hike for everybody. >> it will be a to the democrats in the white house. >> it would extend the bush tax cuts below $1 million also the house votes on a separate measure to cancel the pentagon cuts with sequestration that has upset house democrats. >> these are not a plan. it is a ploy. they are bills to know where. and a deeply cynical move, republicans decide toill o offer another bill to put off some of the sequester.oehner >> speaker boehner has notnd b given up on a grand bargain. >> and our respective rolesspecv we have ea responsibility tor work together to get results.pect it ll conti i expect we will continue to work together.he top >> he did not sound issound so optimistic. threpubl determined to lead off the cliff we will not take the enmiddle-class with him. >> 53 senate democrats voted for a similar plan
correspondent mike emanuel live on capitol hill for us. three weeks from the end of the year, mike. any signs of progress? >> reporter: jon, it is hard to tell we know the president and the speaker of the house met privately yesterday and as we mentioned both sides say the lines of communication are open but they are not giving out any details of what was discussed or any readout of the meeting. that may be a good sign. the previous meeting was on camera. this one face-to-face privately at the white house and so perhaps they had a chance to roll up their sleeves and get into some of the tough details in terms of finding a deal on the fiscal cliff. this morning a leading republican said any deal should include the major drivers of our debt. >> the long-term indebtedness of this country is baby boomers retiring putting pressure on medicaid, medicare and social security. i hope my party will look out for the country and not just the party itself and pure this president to do something he has never done before, lead in a bipartisan way. >> reporter: a little swipe there at the end but republicans
emanuel live on capitol hill. we had slight movement on the fiscal cliff negotiations, mike, but it doesn't really sound like they're close to a deal, huh? >> reporter: that's right, jon. president obama reduced his new revenue demand from $1.6 trillion over 10 years to $1.4 trillion over 10 years. house speaker john boehner says he is the most optimistic guy in washington but serious differences remain and the republicans may not feel like they have a whole lot of leverage in the negotiations with a democrat in the white house and democrat controlling the senate but they are threatening when it comes to the calendar. take a listen. >> the president seems to be walking you ever so slowly towards the cliff. we've said we're committed to staying here. we're going to stay here right up until christmas eve, throughout the time and period before the new year because we want to make sure that we resolve this in an acceptable way for the american people. >> reporter: of course the president would like to go to hawaii for the annual vacation. lawmakers would like to go home to be with families ov
congressional correspondent mike emanuel joins us now for. the president and the senators are in washington. that would appear to be a good sign, is that correct? reporter: yes and no. the tone publicly has not been very good so far. we know that the president obama, on the way back from hawaii, worked the phones a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negot
. ♪ >> no market reaction to the report from mike emanuel of fox news that the the democrats proposed to keep tax rates where they are for people under $360,000 a year and the republicans are holding at 450,000 a year. so, you've got two competing numbers and that news was reported moments ago by mike emanuel of fox news, no impact on the market. i've got a little bit-- wait for it a little bit of tax sanity from france. and struck down hollande's proposal 75%. and somewhere in belgium gerard depardieu is feasting on cheese with a grin on his face. they'll meet the court's standings. why are you laughing, david? >> it's a tale of two cities, can you imagine 20 years ago thinking that paris would be getting less socialistic while d.c. would be becoming more socialistic? >> it's not-- >> it's slightly a wee bit less socialist the french court says that tax infringes on the principle of equality before public-- >> can i explain that? the french court said in a household where you've got two income earners, both of whom make just under a million euros each, that household would not pay the 75%. >> wh
to $5 million. framly farms or ranchs and that could be hefty tax bill. >> bret: mike emanuel on the hill. good news for people trying to sell the homes. prices were up 6.3% in october from a year earlier. that is the largest yearly gain since july of 2006. the dow lost 14, though, today. the s&p 500 dropped 2. nasdaq off 5.5. new warning for syria. this is warning from nato. new tragedy as they become victims of the bloody conflict. chief washington correspondent is at the state department now. >> it purported to show syrian war plane conducting bombing mission. mortar round struck a high school and reportedly killed a teacher and student. it's escalated to intensity. >> the side suffered military setbacks. the picture beginning to emerge in syria is this may be close to the end of the regime. >> in bruce sells, the foreign minister of the nato alliance with the approval of the turkey request. to be installed. the hundreds of troops are expected to ratify the deal shortly. it will be under nato foreign minister that is defensive only. it will no way support a fly zone or offe
getting in the same greek tragedy? chief congressional correspondent mike emanuel looks at that tonight. >> republicans frequently argue it's critical to get a handle on the deficit before the u.s. becomes like greece. there is a terrible economy with 26% unemployment highest in europe, almost no job opportunities for young people frequentenly lead toro riots in the streets. here is leading democrat is suggesting cutting spending too quickly is a real problem. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce debt. but still have a stimulus aspect of the economy. >> experts though say europe's us aer the city a drag on the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad sce
says simply would not raise enough cash. mike emanuel with the news in washington tonight. a top congressional democrat today said it is vital that lawmakers hammer out a deal and soon. >> shep, that's the great unknown in all of this fiscal cliff fighting. some argue the country won't be badly damaged if the country hits the fiscal cliff. republicans and democrats keep arguing into the new year. others are worried failure to strike a deal could send the nation back into a recession. >> i think people understand the failure to compromise and going over the cliff could really jeopardize this recovery. the good news today about more people back at work, the unemployment rate coming down, listen, that can be reversed if people lose confidence in our future. >> the number two senate ranked democrat mr. temperature bib argues next week will be critical in terms of president obama and speaker boehner finding a compromise. shep? >> shepard: democrats are still saying what they have said all along and what the president ran on this is about taxes. >> that is true and they note president
three weeks. that might seem like a lot of time. chief congressional correspondent mike emanuel tells us tonight it really isn't. >> time is running out to keep the u.s. economy from going off the fiscal cliff in the new year. in fact, most experts believe a framework deal must be reac reached this week, most likely by thursday to give the house, ways and means and the senate finance committee several days to work the deal to legislative language. since it will be complex, likely to increase re-knew and cut entitlement spending if the lawmakers want a cost estimate with nonpartisan numbers from the congressional budget office, it would require several more days. the house g.o.p. requires that the bill be posted for parts of three days which means early next week in order for votes by the end of next week. veterans of past capital hill battles note the whip operation convincing lawmakers to vote for the legislation they barely seen will be critical. >> likely that both sides, the president and the speaker are going to have to twist arms, they are going to have to call people. they are goi
constructive. we have live fox team coverage. mike emanuel looks at the action in congress today. first, chief white house correspondent ed henry is in the briefing room where the president just spoke. >> you heard the president himself pleading with republicans and democrats on the hill, too, in his words to at least meet the one deadline, saying that the grand bargain, $4 trillion debt deal is far out o reach. but thinks they can at least do a modest package to prevent everyone's taxes going up at the end of the year. it note he made clear that this was only a possible agreement. they said he was only modestly optimistic, as the senate leaders right now, start work on just trying to scramble to put together some sort of a deal. >> timing, we are out of time. the next if hours will be important. >> with the nation on the vernal of the largest tax increase since world war ii, president obama called congressional leaders to white house for one last desperate shot at deal. max baucus says he sees a slim down agreement starting to gel, because the pressure on all sides is
you mike emanuel. >> the fiscal cliff mess could take a serious toll on our 401(k) retirement accounts and a trader saying the optimism on wall street is evaporating. the dow is down 142 points and change but it has been down more than 100 points all day long. now the anchor of fox news sunday, chris wallace. chris, react to the chuckle head comment by the congressman that it is the same group of obstructionist in the republican party. is that true? or does it say something largerf john boehner? >>chris: both. boehner, since the 2010 election, he has to be happy because it swept him back in power in the majority of the house of representatives but he has had to deal with a portion of the caucus, a lot of the freshmen elected with the support of the tea party who have made life difficult. they want to go further to the right than he has been anxious to go. when he tried in a case like this, or in the debt field, in the summer of 2011, to make some kind of an accommodation, a compromise, which, obviously, involves some give-and-take compromise, they have been unwilling to go along. he co
with themselves in public about how high to increase taxes. >> mike emanuel on the hill. what about this sendipending is we keep hearing so much about. where are your tax dollars going. we take a look in part one of the series "the cost of spending." >> we can't spend ourselves rich. >> presidents have been talking about the federal government spending appetite for decades. president reagan. >> what ails usable be s -- us be simply put the president is growing too big. >> this government is too big and spends too much. >> president clinton. >> this is the largest deficit reduction plan in history. >> president george w. bush. >> american families have to balance their budgets so should their government. >> every day families sacrifice to live within their means. they deserve a government that does the same. >> in the recent talks to avoid the so-called fiscal cliff john boehner insists the president has been singing a different tune. >> it is clear the president is not serious cutting spending. but spend something the problem. >> you hear the talking heads every day the back and for
with neither side showing a willing nose go first. mike emanuel on where he head now. >> reporter: pessimistic tone for heading for the fiscal cliff in days. president obama and senators cut the christmas vacation short. the leader is happy to review what the president has in mind but to date they have not put forward a plan. late today, mcconnell expressed frustration. >> this is a conversation we should have had months ago. republicans aren't about to write a blank check or anything that senate democrats put forward just because we find ourselves at the essential. >> asked if he was going over the cliff, biden joked cliff? what cliff? this has been operated with a dictatorship of the speaker. not allowing the vast majority of the representatives to get what they want. they want them to return in case a deal is in the final hours. today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to see if he'll be blamed for it before they negotiate.
of representatives on that. we will soon find out. thank you, mike emanuel. that is a big story in washington, dc. the other story from the middle east goes to the heart of egypt. they are bracing for massive nation-wide protests tomorrow against the country's president as well as the newly drafted constitution. they are voting, remember, and demonstrators have rallied against president morsi recently who tried to grant himself absolute power. the protests grew when the allies draft add constitution that would give hard-line islamists more sway in the largely secular islamic country. remember, egypt often mediates feuds and peace treaties between israel and the enemy and they are critical to middle east peace. over the weekend the constitution passed a preliminary vote, 57 percent of the ballot, and that is said to be quite a bit less than the president expected but the vote was riddled with irregularities. back you negotiation you in now town where the governor malloy is holding a news conference in hartford. we expected this to begin a short time ago and he now is talking. we will drop in and h
america off the fiscal cliff. let's go to capitol hill fox news chief congressional correspondent mike emanuel live with the latest. >> we are heading into a critical weekend as a final push is made to keep the u.s. economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very
points over the past five days. let's get to mike emanuel on capitol hill. how much stock are lawmakers putting in the white house meeting? >> depends who you ask. some republicans expressed concern it may be for show, essentially going to the white house, having a big meeting that everybody's talking about for the appearances that they're doing something. other suggest it's critical because time is running out. >> the window may be ajar but it's not wide open. and unless it closes -- or opens entirely today and there's a deal, it's more likely to close than stay open. in other words, if we don't have a deal in the next 24 hours, the question is where do you buy a parachute. it looks like we'll be going over the cliff. the closer we get to the end, the less likely it is you're going to be able to compress an agreement into place to have enough votes to pass. >> while rebounds and democrats may not agree on a lot. we heard from republicans and democrats that time is becoming critical and they're feeling the pressure of the calendar. >> trace: as you talk to lawmakers, how worried do they
the president's strategy. chief congressional correspondent mike emanuel looks at the politics of plan "b" from congress' perspective. >> good evening. this is a heavy lift with numerous conservative groups urging republicans to vote against speaker boehner's plan "b." but with the u.s. economy less than two weeks from the fiscal cliff, top republicans say they are trying to avoid a massive tax hike for everybody. >> the house will act today. up to senate democrats in the white house to act. >> it would extend tax cut on income below $1 million. to secure republican support, the house is voting on a separate measure to cancel next year's pentagon cuts part of sequestration by slashing domestic programs. that upset house democrats. >> the bills are not a plan. they are a ploy. they are bills to nowhere. in a deeply cynical move, so cynical, the republicans have decided to offer another bill to put off some of the sequester. >> while the process moves forward, boehner hasn't given up hope on a grand bargain with the president. >> the president and i in our respective roles have a responsibility t
into a recession. gregg: mike emanuel is live on capitol hill. mike, any indication of the president's next move? >> reporter: well, gregg, last time we heard the president talk about the this matter he said he was calling on congressional leaders to essentially make sure taxes do not go up on middle class americans. presumably that would be a package that continues the bush tax cuts for those making up to $250,000. he would also like to continue emergency unemployment benefits for two million americans. and beyond that, details are kind of murky at this point. so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gregg. gregg: so, mike, if the senate comes back, what do we expect from them today? and then obviously the house? >> reporter: well, house speaker john boehner is in ohio. his aides told me a few moments ago ago if he has plans to travel. last night the speaker and the president of the united sta
is more worried than ever. it's the top story at the bottom of the hour. mike emanuel is on it this evening. the idea was that these cuts would be so painful that this thing would be so horrible. that this would throw us into such a mess that there is no way these loons on capitol hill would let this happen. but lo and behold. >> exactly, shep. certainly 2012 campaign politics did not help congress and the white house find alternatives to these cuts. today a top republic senator told me time is running out. >> i'm more worried about the sequester now than ever because it seems to be overshadowed by discussions over going off the fiscal cliff which is a separate but related matter. a combination of those two things both huge tax increase and a $1.2 trillion in cuts will put us in a recession. defense and domestic cuts could be avoided if a grand bargain is struck to avoid the fiscal cliff. if not, it will get ugly, shep. >> shepard: yeah, it will. give us an idea what we are talking about in the way of cuts here if this happens. >> as you mentioned they are split betwee
. >> harris: mike emanuel from capitol hill, thank you. congress also considering a 60 billion-dollar relief package for victims of super storm sandy. and now more than 125 leading ceos in new york urging lawmakers to approve this thing. among them, top executives from time warner, bloomberg, morgan stanley and the nba. joining governors from new york, new jersey, and connecticut asking congress to get it done before they break for the holidays. they say it's already taken congress too long to act in the aftermath in the disaster. president george h.w. bush should be able to celebrate christmas at home with his family. mr. bush, who is 88 years old, has spent nearly three weeks in the hospital in texas where doctors have been treating him for a cough related to bronchitis. a hospital spokesperson saying our nation's 41st president is improving and doctors do expect him to be able to it go home by the holiday. the syrian government's biggest ally now admitting the civil war raging there may well doom the regime. hear how u.s. officials are responding. and as the investigation continues into t
of republicans, as mike emanuel reported on "the fox report" who got elected on a pledge not to raise taxes. and a lot of republicans didn't want to raise -- vote he to raise taxes on anybody. even at levels above a millions. so though speaker boehner had hoped to have a vote on this tonight, he sent out a release a short time ago that they didn't take up the bill because they didn't have the votes. now they go into recess. and he says, mr. president, it's now up to you. continuing coverage throughout the night on fox news channel. i'm shepard smith. o'reilly is back right after this. [ male announcer ] this december, remember -- you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
congressional correspondent mike emanuel live on capitol hill. mike? >> reporter: well, jon, we understand that that white house meeting between president obama and speaker boehner wrapped up just moments ago. it lasted 45 minutes, and aides are saying we will not get a readout, but there certainly has been a flurry of activity on the fiscal cliff front. aides to speaker boehner say in a friday phone call to the president the speaker offered to extend the bush tax cuts for those making up to a million dollars so, therefore, those above a million dollars would pay slightly higher taxes in exchange for spending cuts and entitlement reform. let's take a look at the framework of a possible fiscal cliff deal. it includes $1 trillion in cuts, $1 trillion in new revenue. that would include an immediate down payment and then lawmakers working out details in the new year. possibly including raising the nation's debt limit, something the white house has badly wanted, extending unemployment insurance, the medicare doc fix, payroll tax cut and tax extenders. any debt limit increase would require cuts
emanuel live on capitol hill for us now. so where do discussions go now, mike, and what happened to plan b? [laughter] >> reporter: well, jon, good afternoon to you. all indications are that the focus shifts back to the talks between president obama and speaker john boehner to try to hammer out a deal. one would expect there may be a phone call or a meeting at some point. i've talked to aides on both sides of pennsylvania avenue, and they don't have anything to announce at this point, but you would expect that the two would get back on the phone or meet at some point. as for what went wrong, well, here's the speaker. >> there was a perception created that that vote last night was going to increase taxes. now, i disagree with that, with that characterization of the bill, but that impression was out there. now, we had a number of our members who just really didn't want to be perceived as having raised taxes. >> reporter: and the speaker, of course, also wanted to get the united states senate involved. i've been talking to a lot of senators here up on capitol hill, and they've basically been
'm he shannon bream in washington. mike emanuel joins us live from capitol hill with the latest on the debate. mike, we heard the president go after republicans in the televised interview this evening. how is that being received? >> some irritation. mitch mcconnell is actively trying to hammer out a deal to avoid the fiscal cliff, negotiating with harry reid. some question about the timing of the the president's interview. speaker boehner moments ago issued this statement ," americans elected president obama to lead, not cast blame. the president's comments are ironic as a recurring theme of our negotiations was his unwillingness to agree he to anything that would require him to stand up to his own party ." a retiring senator says it is time to get things globe there shouldn't be lines in the sand at the 12th hour now. we ought to be willing to sit down and reach an agreement based on the proposition we don't want to hurt the economy or small business people or retirees. >> some anxiety building here on capitol hill because very little has leaked out of the talks between mcconne
deadline on january 11. mike emanuel is live. we are still getting hard lines from either side about where they stand on this. what is really happening behind the closed doors? are they closer to a dole? >> reporter: jenna you're right about a lot of tough talk in public, but behind closed doors we know the president, the speaker of the house john boehner had a phone call late yesterday, the first call they had in a week. there has not been much in the way of leaks as to what was discussed. most folks on capitol hill may suggest that no leaks means they are getting down to serious movement on finding a compromise to avert the fiscal cliff. because in public the treasury secretary was asked yesterday if the administration is prepared to go over the fiscal cliff. check this out. >> is the administration prepared to go over the fiscal cliff. >> absolutely. we see no prospects for an agreement that doesn't involve those rates going up on the top 2% of the wealthist. remember it's only 2%. >> reporter: most people think a deal will be struck between the president and the speaker of the house, t
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